Form 10-QSB

                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

               |X|    Quarterly  Report  Pursuant  to  Section  13 or
                      15(d) of the  Securities  Exchange Act of 1934.
                      For the quarterly period ended June 30, 2000

               |_|    Transition Report Pursuant to Section 13 or 15(d) of
                      the Securities Exchange Act of 1934.
                      For the transition period from _______ to _______

                         Commission File Number 0-21552

                      ATEL Cash Distribution Fund IV, L.P.
             (Exact name of registrant as specified in its charter)

California                                                      94-3145429
----------                                                      ----------
(State or other jurisdiction of                               (I. R. S. Employer
 incorporation or organization)                              Identification No.)

           235 Pine Street, 6th Floor, San Francisco, California 94104
           -----------------------------------------------------------
                    (Address of principal executive offices)

       Registrant's telephone number, including area code: (415) 989-8800
       ------------------------------------------------------------------



Indicate  by a check  mark  whether  the  registrant  (1) has filed all  reports
required to be filed by section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days.

                                     Yes |X|
                                     No  |_|

                       DOCUMENTS INCORPORATED BY REFERENCE

                                      None



                                       1
<PAGE>

                          Part I FINANCIAL INFORMATION

Item 1.               Financial Statements.



                                       2
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                                  BALANCE SHEET

                                  JUNE 30, 2000
                                   (Unaudited)


                                     ASSETS



Cash and cash equivalents                                          $ 4,274,053

Accounts receivable                                                    386,947

Investments in leases                                                6,351,961
                                                               ----------------
                                                                   $11,012,961
                                                               ================


                       LIABILITIES AND PARTNERS' CAPITAL


Non-recourse debt                                                  $ 1,813,254

Accounts payable:
   General partners                                                     40,127
   Other                                                                22,820

Accrued interest payable                                                 8,589

Unearned operating lease income                                        101,991
                                                               ----------------
Total liabilities                                                    1,986,781

Partners' capital:
     General partners                                                  217,373
     Limited partners                                                8,808,807
                                                               ----------------
Total partners' capital                                              9,026,180
                                                               ----------------
                                                                   $11,012,961
                                                               ================



                             See accompanying notes.






                                       3
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                                INCOME STATEMENTS

                        SIX AND THREE MONTH PERIODS ENDED
                             JUNE 30, 2000 AND 1999
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                  Six Months                       Three Months
                                                Ended June 30,                    Ended June 30,
                                                --------------                    --------------
                                            2000             1999             2000             1999
                                            ----             ----             ----             ----
Revenues:
Lease revenues:
<S>                                        <C>              <C>                <C>              <C>
   Operating leases                        $ 1,226,291      $ 1,505,948        $ 574,504        $ 611,212
   Direct financing leases                     358,880          356,176          178,265          148,925
   Leveraged leases                                  -           80,864                -           13,245
Gain on sale of assets                       1,223,154        5,137,639        1,166,793        3,157,632
Interest income                                110,120           47,838           44,885           45,744
Other income                                    37,778           12,012            2,589            7,161
                                       ---------------- ---------------- ---------------- ----------------
                                             2,956,223        7,140,477        1,967,036        3,983,919
Expenses:
Depreciation and amortization                  560,683          965,720          276,828          428,125
Equipment and incentive management fees        150,232          353,153           85,827          170,756
Interest                                        99,896          173,756           40,271           74,295
Railcar maintenance                            111,237                -                -                -
Other                                           56,168          141,984           48,219           81,282
Administrative cost reimbursements             107,487          100,007           63,500           69,398
Professional fees                               35,817           20,959           21,520           15,000
                                       ---------------- ---------------- ---------------- ----------------
                                             1,121,520        1,755,579          536,165          838,856
                                       ---------------- ---------------- ---------------- ----------------
Net income                                 $ 1,834,703      $ 5,384,898      $ 1,430,871      $ 3,145,063
                                       ================ ================ ================ ================
Net income:
     General partners                         $ 18,347         $ 53,849         $ 14,309         $ 31,451
     Limited partners                        1,816,356        5,331,049        1,416,562        3,113,612
                                       ---------------- ---------------- ---------------- ----------------
                                           $ 1,834,703      $ 5,384,898      $ 1,430,871      $ 3,145,063
                                       ================ ================ ================ ================

Net income per limited partnership unit          $0.24            $0.71            $0.19            $0.42
Weighted average number of units
   outstanding                               7,487,350        7,487,350        7,487,350        7,487,350
</TABLE>

                    STATEMENT OF CHANGES IN PARTNERS' CAPITAL

                             SIX MONTH PERIOD ENDED
                                  JUNE 30, 2000
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                 Limited Partners      General
                                      Units           Amount          Partners           Total
<S>                                    <C>            <C>                <C>            <C>
Balance December 31, 1999              7,487,350      $12,234,093        $ 199,026      $12,433,119
Distributions to limited partners                      (5,241,642)               -       (5,241,642)
Net income                                              1,816,356           18,347        1,834,703
                                 ---------------- ---------------- ---------------- ----------------
Balance June 30, 2000                  7,487,350      $ 8,808,807        $ 217,373      $ 9,026,180
                                 ================ ================ ================ ================
</TABLE>


                             See accompanying notes.


                                       4
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                            STATEMENTS OF CASH FLOWS

                        SIX AND THREE MONTH PERIODS ENDED
                             JUNE 30, 2000 AND 1999
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                                Six Months                       Three Months
                                                              Ended June 30,                    Ended June 30,
                                                              --------------                    --------------
                                                          2000             1999             2000             1999
                                                          ----             ----             ----             ----
Operating activities:
<S>                                                      <C>              <C>              <C>              <C>
Net income                                               $ 1,834,703      $ 5,384,898      $ 1,430,871      $ 3,145,063
Adjustments to reconcile net income to net
   cash provided by operations:
   Depreciation and amortization                             560,683          965,720          276,828          428,125
   Leveraged lease income                                          -          (80,864)               -          (13,245)
   Gain on sale of assets                                 (1,223,154)      (5,137,639)      (1,166,793)      (3,157,632)
     Changes in operating assets and liabilities:
        Accounts receivable                                1,212,465          102,809           46,088          203,070
        Accounts payable, general partner                    (26,449)        (412,269)         (56,675)         (58,868)
        Accounts payable, other                             (239,940)         (17,727)         (55,092)         (60,978)
        Accrued interest payable                              (3,149)          (4,678)          (1,590)          (2,224)
        Unearned operating lease income                      (47,792)        (105,059)           3,715           32,698
                                                     ---------------- ---------------- ---------------- ----------------
Net cash from operations                                   2,067,367          695,191          477,352          516,009
                                                     ---------------- ---------------- ---------------- ----------------

Investing activities:
Proceeds from sales of assets                              2,276,805       11,397,850        2,127,197        7,777,411
Reduction in investment in direct financing
   leases                                                     83,127          747,394         (146,733)         352,400
Reduction in investment in leveraged leases                        -                -                -           (1,240)
                                                     ---------------- ---------------- ---------------- ----------------
Net cash provided by investing activities                  2,359,932       12,145,244        1,980,464        8,128,571
                                                     ---------------- ---------------- ---------------- ----------------

Financing activities:
Payments of non-recourse debt                               (776,163)      (1,104,894)        (391,875)        (510,230)
Distributions to limited partners                         (5,241,642)      (5,242,412)      (2,621,012)      (2,621,410)
                                                     ---------------- ---------------- ---------------- ----------------
Net cash used by financing activities                     (6,017,805)      (6,347,306)      (3,012,887)      (3,131,640)
                                                     ---------------- ---------------- ---------------- ----------------
Net (decrease) increase in cash and
   cash equivalents                                       (1,590,506)       6,493,129         (555,071)       5,512,940
Cash at beginning of period                                5,864,559          371,891        4,829,124        1,352,080
                                                     ---------------- ---------------- ---------------- ----------------
Cash at end of period                                    $ 4,274,053      $ 6,865,020      $ 4,274,053      $ 6,865,020
                                                     ================ ================ ================ ================

Supplemental disclosures of cash flow
   information:
Cash paid during period for interest                       $ 103,045        $ 178,434         $ 41,861         $ 76,519
                                                     ================ ================ ================ ================
</TABLE>

                             See accompanying notes.


                                       5
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                                  JUNE 30, 2000
                                   (Unaudited)


1. Summary of significant accounting policies:

Interim financial statements:

The unaudited interim financial statements reflect all adjustments which are, in
the opinion of the general partners,  necessary to a fair statement of financial
position and results of operations for the interim periods  presented.  All such
adjustments are of a normal recurring nature.  These unaudited interim financial
statements  should be read in  conjunction  with the most recent  report on Form
10K.


2. Organization and partnership matters:

ATEL Cash  Distribution  Fund IV, L.P. (the  Partnership),  was formed under the
laws of the State of  California  on  September  19,  1991,  for the  purpose of
acquiring equipment to engage in equipment leasing and sales activities.

The Partnership's business consists of leasing various types of equipment. As of
June 30, 2000,  the  original  terms of the leases were from six months to eight
years.


3. Investment in leases:

The Partnership's investment in leases consists of the following:

<TABLE>
<CAPTION>
                                                              Depreciation
                                                              Expense or        Reclass-
                                            December 31,     Amortization     ifications &       June 30,
                                                1999           of Leases      Dispositions         2000
                                                ----           ---------     --------------        ----
<S>                                            <C>               <C>               <C>            <C>
Net investment in operating leases             $ 4,402,707       $ (539,704)       $ 421,827      $ 4,284,830
Net investment in direct financing leases        3,412,936          (83,127)        (661,736)       2,668,073
Initial direct costs, net of accumulated
   amortization of $496,325 in 1999 and
   $649,058 in 2000                                 61,011          (20,979)               -           40,032
Equipment held for lease                           242,793                -         (231,685)          11,108
Residual value interests                           582,057                -         (582,057)               -
Reserve for losses                                (652,082)               -                -         (652,082)
                                         ------------------ ---------------- ---------------- ----------------
                                               $ 8,049,422       $ (643,810)     $(1,053,651)     $ 6,351,961
                                         ================== ================ ================ ================
</TABLE>



                                       6
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                                  JUNE 30, 2000
                                   (Unaudited)


3. Investments in leases (continued):

The  Partnership's  investment in property on operating  leases  consists of the
following:

<TABLE>
<CAPTION>
                                                                            Reclassifications &
                                                      December 31,              Dispositions              June 30,
                                                          1999          1st Quarter      2nd Quarter         2000
                                                          ----          -----------      -----------         ----
<S>                                                      <C>                <C>             <C>             <C>
Printing                                                 $ 3,478,749                                        $ 3,478,749
Transportation                                             2,763,271        $ 513,879                         3,277,150
Construction                                               2,058,733         (263,984)       $ (38,554)       1,756,195
Ground support                                             1,127,988                -                -        1,127,988
Manufacturing                                                457,670                -                -          457,670
Materials handling                                           291,920                -                -          291,920
Other                                                        272,267         (188,627)               -           83,640
                                                     ---------------- ---------------- ---------------- ----------------
                                                          10,450,598           61,268          (38,554)      10,473,312
Less accumulated depreciation                             (6,047,891)          88,352         (228,943)      (6,188,482)
                                                     ---------------- ---------------- ---------------- ----------------
                                                         $ 4,402,707        $ 149,620       $ (267,497)     $ 4,284,830
                                                     ================ ================ ================ ================
</TABLE>

All of the property on operating leases was acquired from 1992 through 1997.

At June 30, 2000, the aggregate  amounts of future minimum lease payments are as
follows:

             Year ending       Direct
            December 31,      Financing        Operating          Total
            ------------      ---------        ---------          -----
                    2000         $ 791,179        $ 822,622      $ 1,613,801
                    2001         1,086,349        1,162,969        2,249,318
                    2002           648,317          843,921        1,492,238
                    2003           561,360          609,022        1,170,382
                    2004           424,000                -          424,000
                           ---------------- ---------------- ----------------
                               $ 3,511,205      $ 3,438,534      $ 6,949,739
                           ================ ================ ================






                                       7
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                                  JUNE 30, 2000
                                   (Unaudited)


4. Non-recourse debt:

Notes payable to financial  institutions are due in varying  monthly,  quarterly
and semi-annual installments of principal and interest. The notes are secured by
assignments  of lease  payments and pledges of the assets  which were  purchased
with the proceeds of the particular notes. Interest rates on the notes vary from
7.1% to 9.1%.

Future minimum principal payments of long-term  non-recourse debt as of June 30,
2000 are as follows:

           Year ending
          December 31,      Principal        Interest           Total
          ------------      ---------        --------           -----
                  2000         $ 759,042         $ 60,350        $ 819,392
                  2001           697,282           56,062          753,344
                  2002           250,450           19,870          270,320
                  2003           106,480            2,861          109,341
                         ---------------- ---------------- ----------------
                             $ 1,813,254        $ 139,143      $ 1,952,397
                         ================ ================ ================


5.  Related party transactions:

The terms of the  Agreement  of Limited  Partnership  provide  that the  General
Partners  and/or  Affiliates are entitled to receive  certain fees for equipment
acquisition, management and resale and for management of the Partnership.

The General Partners and/or  Affiliates  earned the following fees,  commissions
and reimbursements, pursuant to the Limited Partnership Agreement during the six
month periods ended June 30, 2000 and 1999 as follows :

                                                 2000             1999
                                                 ----             ----
Reimbursement of administrative costs             $ 107,487        $ 100,007

Incentive and equipment management fees             150,232          353,153
                                            ---------------- ----------------
                                                  $ 257,719        $ 453,160
                                            ================ ================

The amounts  above are gross  amounts  incurred by the General  Partners  and/or
Affiliates, including commissions to broker-dealers for the sales of Partnership
Units.



                                       8
<PAGE>

                      ATEL CASH DISTRIBUTION FUND IV, L.P.

                          NOTES TO FINANCIAL STATEMENTS

                                  JUNE 30, 2000
                                   (Unaudited)


6. Partner's capital:

The Fund is  authorized  to issue up to 7,500,000  Units of Limited  Partnership
interest in addition to the Initial Limited Partners.

The Fund's Net Profits,  Net Losses and Tax Credits are to be  allocated  99% to
the Limited Partners and 1% to the General Partners.

As more fully described in the Agreement of Limited Partnership,  available Cash
from  Operations  and Cash from Sales or  Refinancing  shall be  distributed  as
follows:

First,  5% of  Distributions  of Cash from  Operations to the General Partner as
Incentive Management Fees.

Second,  the balance to the Limited  Partners  until the Limited  Partners  have
received  aggregate  Distributions,  as  defined,  in an  amount  equal to their
Original  Invested  Capital,  as  defined,  plus  a  10%  per  annum  cumulative
(compounded daily) return on their Adjusted Invested Capital, as defined.

Third,  the General  Partner  will  receive as Incentive  Management  Fees,  the
following:

      (A) 10% of remaining Cash from Operations, as defined,

      (B) 15% of remaining Cash from Sales or Refinancing, as defined.

Fourth, the balance to the Limited Partners.







                                       9
<PAGE>

Item 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

Capital Resources and Liquidity

Funds which have been  received,  but which have not yet been invested in leased
equipment, are invested in interest-bearing accounts or  high-quality/short-term
commercial paper.


The  Partnership's  primary source of liquidity during 2000 were lease revenues,
proceeds from the sales of lease assets and borrowings under the line of credit.
The  liquidity of the  Partnership  will vary in the future,  increasing  to the
extent cash flows from leases exceed  expenses,  and  decreasing as lease assets
are  acquired,  as  distributions  are made to the limited  partners  and to the
extent expenses exceed cash flows from leases.

The Partnership currently has available adequate reserves to meet contingencies,
but in the event those  reserves were found to be  inadequate,  the  Partnership
would  likely be in a position to borrow  against its current  portfolio to meet
such  requirements.  The general  partner  envisions  no such  requirements  for
operating purposes.

As of June 30, 2000, the  Partnership  had borrowed  approximately  $38,342,000,
with a remaining unpaid balance of $1,813,254. Borrowings are to be non-recourse
to the  Partnership,  that is, the only  recourse  of the lender  will be to the
equipment or corresponding lease acquired or secured with the loan proceeds. The
general  partner  expects  that  aggregate  borrowings  in the  future  will  be
approximately  40% of aggregate  equipment cost. In any event,  the Agreement of
Limited  Partnership  limits  such  borrowings  to  40%  of the  total  cost  of
equipment, in aggregate.

No  commitments  of capital  have been or are expected to be made other than for
the acquisition of additional equipment. As of June 30, 2000, there were no such
commitments.


If  inflation  in the general  economy  becomes  significant,  it may affect the
Partnership  inasmuch as the residual  (resale) values and rates on re-leases of
the  Partnership's  leased  assets may  increase as the costs of similar  assets
increase.  However,  the  Partnership's  revenues from existing leases would not
increase,  as such rates are generally fixed for the terms of the leases without
adjustment for inflation.

If interest rates increase  significantly,  the lease rates that the Partnership
can obtain on future  leases will be expected to increase as the cost of capital
is a significant  factor in the pricing of lease  financing.  Leases  already in
place, for the most part, would not be affected by changes in interest rates.


Cash Flows, 2000 vs. 1999:

Six months:

During  the first six  months of 2000 and  1999,  proceeds  from  sales of lease
assets was the primary sources of cash flows.

Cash flows from  operations  increased by $1,372,176  from  ($695,191 in 1999 to
$2,067,367  in  2000).  The  increase  is a result  of  reductions  of  accounts
receivables in 2000 compared to 1999.




                                       10
<PAGE>

Sources of cash from investing  activities  consisted of proceeds from the sales
of  lease  assets  and  from  direct  financing  lease  rents  accounted  for as
reductions of the net  investment in such leases.  Proceeds from sales of assets
decreased from $11,397,850 in 1999 to $2,276,805 in 2000.

In 2000 and 1999, there were no sources of cash from financing  activities.  The
amounts of cash used to repay  non-recourse debt and the amounts  distributed to
the Limited Partners did not change significantly.

Three months:

Proceeds from sales of lease assets was the primary  source of cash flows in the
second quarter of 2000 and 1999.

Operating  lease rents have  decreased  by  $279,657  from the prior year due to
asset sales  during the  preceding  twelve  months.  These rents are the primary
source of cash from operations.

In 2000 and 1999,  proceeds  from lease assets  sales were the most  significant
source  of cash  from  investing  activities.  Proceeds  from  asset  sales  has
decreased as most of the Partnership's lease assets have been sold over the last
eighteen  months.  Rents from direct  financing  leases also provided cash flows
from investing activities but has decreased as a result of asset sales.

During the second quarter of 2000 and 1999,  there were no financing  sources of
cash.  Payments of non-recourse debt decreased  slightly for the same reasons as
noted above for the six month period.



Results of Operations

Operations in the 2000  resulted in net income of  $1,834,703  for the six month
period and $1,430,871 for the three month period. In 1999,  operations  resulted
in net income of  $5,384,898  for the six month  period and  $3,145,063  for the
three month period.

Operating  lease revenues  decreased by $279,657 for the six month period and by
$36,708  for the three  month  period.  Revenues  have  declined  as leases have
matured  and  as  the  underlying  assets  have  been  sold.  The  Partnership's
investment in lease assets has decreased  from  $20,423,330 at December 31, 1998
to  $6,351,961  at June 30,  2000.  Most of the decrease has been as a result of
sales of  assets.  As leases  mature  and the  related  assets  are sold,  lease
revenues are expected to continue to decline. Gains and losses from the sales of
those assets are not expected to be consistent from one period to another.

The  Partnership's  operating  expenses  decreased by $634,059 for the six month
period and by $302,691 for the three month period. Most of the decrease resulted
from decreased  depreciation  expense.  Depreciation  has decreased as operating
leases have matured and as the underlying assets have been sold. Management fees
are related to lease revenues and have decreased along with those revenues.


                            PART II OTHER INFORMATION

Item 1.  LEGAL PROCEEDINGS.

No material legal  proceedings are currently  pending against the Partnership or
against any of its assets.

On December  31,  1997,  Quaker Coal  Company  requested a  moratorium  on lease
payments from January  through  March 1998. No lease  payments were made through
June of 1998. As a result,  the General  Partner  declared the lease in default.
Subsequently,  the lessee made the outstanding  payments,  however,  the General
Partner  refused to waive the default and insisted on additional  damages in the
range of  $1,377,000  to  $2,543,000.  The General  Partner  sued the lessee for
damages and is currently  awaiting  judgment from the court. The General Partner
believes  that an  adverse  ruling  would  not  have a  material  impact  on the
operations  of the  Partnership.  The  amounts  of these  damages  have not been
included in the financial statements included in Item 1 of this report.



                                       11
<PAGE>

Item 2. CHANGES IN SECURITIES.

         Inapplicable.

Item 3. DEFAULTS UPON SENIOR SECURITIES.

         Inapplicable.

Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

         Inapplicable.

Item 5. OTHER INFORMATION.

         Inapplicable.

Item 6. EXHIBITS AND REPORTS ON FORM 8-K.

                   (a)Documents filed as a part of this report

                   1.   Financial Statements

                        Included in Part I of this report:

                        Balance Sheet, June 30, 2000

                        Income  statements  for the six and three month  periods
                        ended June 30, 2000 and 1999.

                        Statement  of  changes in  partners'  equity for the six
                        months ended June 30, 2000.

                        Statements  of cash  flows for the six and  three  month
                        periods ended June 30, 2000 and 1999.

                        Notes to the Financial Statements.

                   2.   Financial Statement Schedules

                        All other  schedules for which  provision is made in the
                        applicable accounting  regulations of the Securities and
                        Exchange  Commission  are not required under the related
                        instructions  or are  inapplicable,  and therefore  have
                        been omitted.

                   (b)  Report on Form 8-K

                        None


                                       12
<PAGE>

                                   SIGNATURES


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

Date:
August 11, 2000

                      ATEL CASH DISTRIBUTION FUND IV, L.P.
                                  (Registrant)



              By: ATEL Financial Corporation
                  General Partner of Registrant




                                By:     /s/ A.  J.  BATT
                                      ---------------------------------
                                      A. J. Batt
                                      President and Chief Executive Officer
                                      of General Partner




                                By:     /s/ DEAN L. CASH
                                      ---------------------------------
                                      Dean L. Cash
                                      Executive Vice President
                                      of General Partner




              By:   /s/ PARITOSH K. CHOKSI
                  ------------------------------------------------------
                  Paritosh K. Choksi
                  Principal financial officer of registrant




              By:   /s/ DONALD E.  CARPENTER
                  ------------------------------------------------------
                  Donald E.  Carpenter,
                  Principal accounting officer of
                  registrant